Market Activity

Porcine MBM prices moved higher today. The fundamentals, specifically seasonality and relative price to soybean meal, suggest higher prices are due in the near term. Supply had been the governor on the market, keeping prices from rising. Exports will be a key to price direction in the near term as the US has become more reliant on the export market for protein sales. A good example of this is the inedible meat meal exports to…